Thursday, Polaris Industries Inc. (PII) said its third-quarter net income decreased to $31.17 million or $0.94 per share from $37.69 million or $1.13 per share in the prior year period. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.85 per share for the quarter.
Sales for the quarter declined to $436.19 million from $580.28 million in the comparable period. Analysts estimated revenues of $423.13 million for the quarter.
The company expects fourth-quarter 2009 earnings in the range of $1.19 - $1.25 per share with sales to be down 12% - 17% from the fourth quarter of 2008. Analysts estimate earnings per share of $1.13 per share and revenues of $448.10 million for the quarter. Full-year 2009 earnings are now anticipated to be in the range of $2.92 - $2.98 per share, compared with the prior guidance of $2.70 - $2.90 per share. Sales for the full year 2009 are currently projected to decline in the range of 20% - 22%. Earlier, the company expected fiscal 2009 sales to drop between 20% and 25%. Analysts estimate earnings per share of $2.77 per share on revenues of $1.53 billion for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.